Tag Archives: inflation

RBI Governor Raghuram Rajan Upbeat on 7th Pay Panel Hikes, Start Ups

RBI Governor Raghuram Rajan has kept policy rate on hold at 6.75 percent on Tuesday, purportedly awaiting the government’s move in the direction when it unveils the Budget 2016-17 later this month. Monetary and Liquidity Measures remained the same as RBI has decided to: * keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.75 per ...

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Morgan Stanley bats for ‘Achhe Din’ in India

With the rural wage growth coming down to a nine-year low at 5.5 percent this January and inflation seemingly stabilizing, India is bracing for a long period of higher sustainable growth and lower prices, financial services firm Morgan Stanley said on Monday. “We are more constructive on inflation outlook and we expect the retail price index to decelerate to 4.75 ...

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Petrol, Diesel Prices Cut by Rs.2.42, 2.25 respectively, inflation to ease if Govt blinks

Conforming to the international crude oil prices declining further to below $50 per barrel, the three state-run oil marketing companies (OMCs) on Tuesday decided to reduce petrol and diesel prices further in the country with effect from midnight, February 3. The petrol price in Delhi will be cut by Rs.2.42 per litre, while diesel cost will come down by Rs.2.25 ...

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RBI has chosen to maintain a Balance between Growth and Inflation while keeping the Policy Rates Unchanged

RBI has chosen to maintain a Balance between Growth and Inflation while keeping the Policy Rates Unchanged and Followed a Caliberated Approach to that effect: FM  Following is the text of the Statement of the Union Finance Minister Shri Arun Jaitley with regard to RBI Policy announced today: “The Reserve Bank of India (RBI) has reduced the SLR by 50 basic ...

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Contradictory statements on petrol hike by Pranab in Delhi, PM at G20 summit

The Indian government has come under unprecedented criticism over its unilateral hike in petrol price, with allies in the coalition government like Trinamul threatening to quit, while the judiciary, for the first time, intervened. The most intriguing defence of the decision came from none other than the finance minister who said the decision was taken by the petroleum companies and ...

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